Prediction: Oklo Won't Book Its First Commercial Power Revenue Before 2028

Oklo achieved its first nuclear criticality in August 2026 and reported initial revenue from services, but analyst Daniel Sparks predicts the company won't generate commercial power revenue until 2028 at the earliest. While the company demonstrated rapid construction capabilities with its test reactor, the first Aurora powerhouse at Idaho National Laboratory faces three remaining regulatory approval steps, fuel fabrication delays, and complex startup procedures. Oklo has sufficient cash reserves ($3 billion) to fund operations through 2028, with isotope revenue expected in early 2027 before commercial power sales begin.